Form 1040 U.S. Individual Income Tax Return 20

Form

1040 Department of the Treasury--Internal Revenue Service

(99)

U.S. Individual Income Tax Return

2020 OMB No. 1545-0074 IRS Use Only--Do not write or staple in this space.

Filing Status Single

Married filing jointly

Married filing separately (MFS)

Head of household (HOH)

Qualifying widow(er) (QW)

Check only one box.

If you checked the MFS box, enter the name of your spouse. If you checked the HOH or QW box, enter the child's name if the qualifying person is a child but not your dependent a

Your first name and middle initial

Last name

Your social security number

Larry

If joint return, spouse's first name and middle initial

Landlord

Last name

XXX-XX-XXXX

Spouse's social security number

Home address (number and street). If you have a P.O. box, see instructions.

428 Branch Ave

City, town, or post office. If you have a foreign address, also complete spaces below.

State

Long Branch

NJ

Foreign country name

Foreign province/state/county

Apt. no.

ZIP code

07740

Foreign postal code

Presidential Election Campaign

Check here if you, or your spouse if filing jointly, want $3 to go to this fund. Checking a box below will not change your tax or refund.

You

Spouse

At any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency? Yes

No

Standard Someone can claim:

You as a dependent

Your spouse as a dependent

Deduction

Spouse itemizes on a separate return or you were a dual-status alien

Age/Blindness You: Were born before January 2, 1956

Dependents (see instructions):

If more

(1) First name

than four

dependents,

see instructions

and check

here a

Last name

Are blind Spouse: Was born before January 2, 1956

Is blind

(2) Social security number

(3) Relationship to you

(4) if qualifies for (see instructions):

Child tax credit Credit for other dependents

Attach Sch. B if required.

1 Wages, salaries, tips, etc. Attach Form(s) W-2 . . . . . . . . . . . . . . . . 1

2a Tax-exempt interest . . . 2a

b Taxable interest . . . . . 2b

3a Qualified dividends . . . 3a

b Ordinary dividends . . . . . 3b

4a IRA distributions . . . . 4a

b Taxable amount . . . . . . 4b

5a Pensions and annuities . . 5a

b Taxable amount . . . . . . 5b

Standard

6a Social security benefits . . 6a

b Taxable amount . . . . . . 6b

Deduction for-- 7 Capital gain or (loss). Attach Schedule D if required. If not required, check here . . . . a

7

? Single or

Married filing

8 Other income from Schedule 1, line 9 . . . . . . . . . . . . . . . . . . .

8

separately, $12,400

9 Add lines 1, 2b, 3b, 4b, 5b, 6b, 7, and 8. This is your total income . . . . . . . . . a 9

? Married filing 10 Adjustments to income:

jointly or Qualifying

a From Schedule 1, line 22 . . . . . . . . . . . . . . 10a

widow(er), $24,800

b Charitable contributions if you take the standard deduction. See instructions 10b

? Head of

c Add lines 10a and 10b. These are your total adjustments to income . . . . . . . . a 10c

household, $18,650

11 Subtract line 10c from line 9. This is your adjusted gross income . . . . . . . . . a 11

? If you checked 12 Standard deduction or itemized deductions (from Schedule A) . . . . . . . . . . 12

any box under

Standard

13 Qualified business income deduction. Attach Form 8995 or Form 8995-A . . . . . . . . 13

Deduction, see instructions.

14

Add lines 12 and 13 . . . . . . . . . . . . . . . . . . . . . . . .

14

15 Taxable income. Subtract line 14 from line 11. If zero or less, enter -0- . . . . . . . . . 15

For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see separate instructions.

1,502.

31,185. 32,687.

32,687. 27,866. 27,866.

4,821. Form 1040 (2020)

Form 1040 (2020)

16 Tax (see instructions). Check if any from Form(s): 1 8814 2 4972 3

. . 16

17 Amount from Schedule 2, line 3 . . . . . . . . . . . . . . . . . . . . 17

18 Add lines 16 and 17 . . . . . . . . . . . . . . . . . . . . . . . . 18

19 Child tax credit or credit for other dependents . . . . . . . . . . . . . . . . 19

20 Amount from Schedule 3, line 7 . . . . . . . . . . . . . . . . . . . . 20

21 Add lines 19 and 20 . . . . . . . . . . . . . . . . . . . . . . . . 21

22 Subtract line 21 from line 18. If zero or less, enter -0- . . . . . . . . . . . . . . 22

23 Other taxes, including self-employment tax, from Schedule 2, line 10 . . . . . . . . . 23

24 Add lines 22 and 23. This is your total tax . . . . . . . . . . . . . . . . a 24

25 Federal income tax withheld from:

a Form(s) W-2 . . . . . . . . . . . . . . . . . . 25a

b Form(s) 1099 . . . . . . . . . . . . . . . . . . 25b

c Other forms (see instructions) . . . . . . . . . . . . . 25c

d Add lines 25a through 25c . . . . . . . . . . . . . . . . . . . . . . 25d

? If you have a

26

qualifying child, 27

attach Sch. EIC.

? If you have

28

nontaxable

29

combat pay,

see instructions. 30

2020 estimated tax payments and amount applied from 2019 return . . . . . . . . . . 26

Earned income credit (EIC) . . . . . . . . . . . . . . 27

Additional child tax credit. Attach Schedule 8812 . . . . . . . 28

American opportunity credit from Form 8863, line 8 . . . . . . . 29

Recovery rebate credit. See instructions . . . . . . . . . . 30

1,800.

31 Amount from Schedule 3, line 13 . . . . . . . . . . . . 31

32 Add lines 27 through 31. These are your total other payments and refundable credits . . . a 32

33 Add lines 25d, 26, and 32. These are your total payments . . . . . . . . . . . a 33

Refund

34 If line 33 is more than line 24, subtract line 24 from line 33. This is the amount you overpaid . . 34

35a Amount of line 34 you want refunded to you. If Form 8888 is attached, check here . . . a

35a

Direct deposit? a b Routing number X X X X X X X X X

a c Type:

Checking

Savings

See instructions. a d Account number X X X X X X X X X X X X X X X X X

36 Amount of line 34 you want applied to your 2021 estimated tax . . a 36

Amount 37 Subtract line 33 from line 24. This is the amount you owe now . . . . . . . . . . a 37

You Owe

Note: Schedule H and Schedule SE filers, line 37 may not represent all of the taxes you owe for

For details on how to pay, see

2020. See Schedule 3, line 12e, and its instructions for details.

instructions. 38 Estimated tax penalty (see instructions) . . . . . . . . . a 38

Third Party Do you want to allow another person to discuss this return with the IRS? See

Designee

instructions . . . . . . . . . . . . . . . . . . . . a

Yes. Complete below.

Designee's name a

Phone no. a

Personal identification number (PIN) a

Page 2 483. 483.

483. 0.

483.

1,800. 1,800. 1,317. 1,317.

No

Sign Here

Joint return? See instructions. Keep a copy for your records.

F

Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge and belief, they are true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.

Your signature

Date

Spouse's signature. If a joint return, both must sign. Date

Your occupation

Landlord

Spouse's occupation

If the IRS sent you an Identity Protection PIN, enter it here (see inst.) a

If the IRS sent your spouse an Identity Protection PIN, enter it here (see inst.) a

Paid Preparer Use Only

Phone no. Preparer's name

Email address Preparer's signature

Firm's name a Firm's address a

Self-Prepared

Go to Form1040 for instructions and the latest information.

BAA

Date

PTIN

Check if:

Self-employed

Phone no.

REV 02/15/21 TTW

Firm's EIN a

Form 1040 (2020)

SCHEDULE 1 (Form 1040)

Department of the Treasury Internal Revenue Service

Additional Income and Adjustments to Income

a Attach to Form 1040, 1040-SR, or 1040-NR. a Go to Form1040 for instructions and the latest information.

OMB No. 1545-0074

2020

Attachment

Sequence No. 01

Name(s) shown on Form 1040, 1040-SR, or 1040-NR

Your social security number

Larry Landlord

XXX-XX-XXX

Part I Additional Income

1 Taxable refunds, credits, or offsets of state and local income taxes . . . . . . . 1 2a Alimony received . . . . . . . . . . . . . . . . . . . . . . . . . . . 2a

b Date of original divorce or separation agreement (see instructions) a 3 Business income or (loss). Attach Schedule C . . . . . . . . . . . . . . . 3 4 Other gains or (losses). Attach Form 4797 . . . . . . . . . . . . . . . . . 4 5 Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E 5 6 Farm income or (loss). Attach Schedule F . . . . . . . . . . . . . . . . . 6 7 Unemployment compensation . . . . . . . . . . . . . . . . . . . . . . 7 8 Other income. List type and amount a

8 9 Combine lines 1 through 8. Enter here and on Form 1040, 1040-SR, or 1040-NR,

line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Part II Adjustments to Income

31,185. 31,185.

10 Educator expenses . . . . . . . . . . . . . . . . . . . . . . . . . . 10

11 Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 . . . . . . . . . . . . . . . . . . . . . . . 11

12 Health savings account deduction. Attach Form 8889 . . . . . . . . . . . . 12

13 Moving expenses for members of the Armed Forces. Attach Form 3903 . . . . . 13

14 Deductible part of self-employment tax. Attach Schedule SE . . . . . . . . . 14

15 Self-employed SEP, SIMPLE, and qualified plans . . . . . . . . . . . . . . 15

16 Self-employed health insurance deduction . . . . . . . . . . . . . . . . . 16

17 Penalty on early withdrawal of savings . . . . . . . . . . . . . . . . . . 17

18a Alimony paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18a

b Recipient's SSN . . . . . . . . . . . . . . . . . . . . a

c Date of original divorce or separation agreement (see instructions) a

19 IRA deduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19

20 Student loan interest deduction . . . . . . . . . . . . . . . . . . . . . 20

21 Tuition and fees deduction. Attach Form 8917 . . . . . . . . . . . . . . . 21

22 Add lines 10 through 21. These are your adjustments to income. Enter here and

on Form 1040, 1040-SR, or 1040-NR, line 10a . . . . . . . . . . . . . . . 22

For Paperwork Reduction Act Notice, see your tax return instructions.

BAA

REV 02/15/21 TTW

Schedule 1 (Form 1040) 2020

SCHEDULE A

(Form 1040)

Department of the Treasury Internal Revenue Service (99)

Itemized Deductions

a Go to ScheduleA for instructions and the latest information. a Attach to Form 1040 or 1040-SR.

Caution: If you are claiming a net qualified disaster loss on Form 4684, see the instructions for line 16.

OMB No. 1545-0074

2020

Attachment

Sequence No. 07

Name(s) shown on Form 1040 or 1040-SR

Your social security number

Larry Landlord

XXX-XX-XXXX

Medical and Dental Expenses

Caution: Do not include expenses reimbursed or paid by others.

1 Medical and dental expenses (see instructions) . . . . . . . 1

2 Enter amount from Form 1040 or 1040-SR, line 11 2

32,687.

3 Multiply line 2 by 7.5% (0.075) . . . . . . . . . . . . . 3

0. 2,452.

4 Subtract line 3 from line 1. If line 3 is more than line 1, enter -0- . . . . . . . . .

4

0.

Taxes You Paid

5 State and local taxes.

a State and local income taxes or general sales taxes. You may include either income taxes or general sales taxes on line 5a, but not both. If you elect to include general sales taxes instead of income taxes, check this box . . . . . . . . . . . . . . . . . a 5a

b State and local real estate taxes (see instructions) . . . . . . . 5b c State and local personal property taxes . . . . . . . . . . 5c

16,555.

d Add lines 5a through 5c . . . . . . . . . . . . . . . 5d

16,555.

e Enter the smaller of line 5d or $10,000 ($5,000 if married filing separately) . . . . . . . . . . . . . . . . . . . 5e

6 Other taxes. List type and amount a

10,000.

6

7 Add lines 5e and 6 . . . . . . . . . . . . . . . . . . . . . . .

7

10,000.

Interest You Paid

Caution: Your mortgage interest deduction may be limited (see instructions).

8 Home mortgage interest and points. If you didn't use all of your home mortgage loan(s) to buy, build, or improve your home, see instructions and check this box . . . . . . . . . . . a

a Home mortgage interest and points reported to you on Form 1098. See instructions if limited . . . . . . . . . . . . . . 8a

b Home mortgage interest not reported to you on Form 1098. See instructions if limited. If paid to the person from whom you bought the home, see instructions and show that person's name, identifying no., and address . . . . . . . . . . . . . . . . . . .

15,666.

a

8b

c Points not reported to you on Form 1098. See instructions for special rules . . . . . . . . . . . . . . . . . . . . . 8c

d Mortgage insurance premiums (see instructions) . . . . . . . 8d

e Add lines 8a through 8d . . . . . . . . . . . . . . . 8e 9 Investment interest. Attach Form 4952 if required. See instructions . 9

15,666.

10 Add lines 8e and 9 . . . . . . . . . . . . . . . . . . . . . . . 10

15,666.

Gifts to Charity

11 Gifts by cash or check. If you made any gift of $250 or more, see instructions . . . . . . . . . . . . . . . . . . . 11

2,200.

Caution: If you 12 Other than by cash or check. If you made any gift of $250 or more,

made a gift and got a benefit for it,

see instructions. You must attach Form 8283 if over $500 . . . . 12

see instructions. 13 Carryover from prior year . . . . . . . . . . . . . . 13

14 Add lines 11 through 13 . . . . . . . . . . . . . . . . . . . . . . 14

2,200.

Casualty and 15 Casualty and theft loss(es) from a federally declared disaster (other than net qualified

Theft Losses

disaster losses). Attach Form 4684 and enter the amount from line 18 of that form. See

instructions . . . . . . . . . . . . . . . . . . . . . . . . . . 15

Other

16 Other--from list in instructions. List type and amount a

Itemized

Deductions

16

Total

17 Add the amounts in the far right column for lines 4 through 16. Also, enter this amount on

Itemized

Form 1040 or 1040-SR, line 12 . . . . . . . . . . . . . . . . . . . . 17

Deductions 18 If you elect to itemize deductions even though they are less than your standard deduction,

check this box . . . . . . . . . . . . . . . . . . . . . . . . a

27,866.

For Paperwork Reduction Act Notice, see the Instructions for Forms 1040 and 1040-SR. BAA REV 02/15/21 TTW

Schedule A (Form 1040) 2020

SCHEDULE B (Form 1040)

Interest and Ordinary Dividends

Department of the Treasury Internal Revenue Service (99)

a Go to ScheduleB for instructions and the latest information. a Attach to Form 1040 or 1040-SR.

Name(s) shown on return

Larry Landlord

Part I Interest

1 List name of payer. If any interest is from a seller-financed mortgage and the buyer used the property as a personal residence, see the instructions and list this interest first. Also, show that buyer's social security number and address a

(See instructions and the instructions for Forms 1040 and 1040-SR, line 2b.)

Community Financial

OMB No. 1545-0074

2020

Attachment

Sequence No. 08

Your social security number

XXX-XX-XXXX Amount

1,502.

Note: If you

1

received a Form

1099-INT, Form

1099-OID, or

substitute

statement from

a brokerage firm,

list the firm's

name as the

payer and enter

the total interest

shown on that

form.

2 Add the amounts on line 1 . . . . . . . . . . . . . . . . . . . 2

3 Excludable interest on series EE and I U.S. savings bonds issued after 1989. Attach Form 8815 . . . . . . . . . . . . . . . . . . . . . . 3

4 Subtract line 3 from line 2. Enter the result here and on Form 1040 or 1040-SR, line 2b . . . . . . . . . . . . . . . . . . . . . . . . a 4

Note: If line 4 is over $1,500, you must complete Part III.

Part II

5 List name of payer a

Ordinary Dividends

1,502.

1,502. Amount

(See instructions

and the

instructions for

Forms 1040 and

1040-SR, line 3b.)

5

Note: If you

received a Form

1099-DIV or

substitute

statement from

a brokerage firm,

list the firm's

name as the

payer and enter

the ordinary

dividends shown on that form.

6

Add the amounts on line 5. Enter the total here and on Form 1040 or 1040-SR,

line 3b . . . . . . . . . . . . . . . . . . . . . . . . a 6

Note: If line 6 is over $1,500, you must complete Part III.

Part III

You must complete this part if you (a) had over $1,500 of taxable interest or ordinary dividends; (b) had a foreign account; or (c) received a distribution from, or were a grantor of, or a transferor to, a foreign trust.

Foreign Accounts and Trusts

7a At any time during 2020, did you have a financial interest in or signature authority over a financial account (such as a bank account, securities account, or brokerage account) located in a foreign country? See instructions . . . . . . . . . . . . . . . . . . . . . . . .

Yes No

Caution: If required, failure to file FinCEN Form 114 may result in substantial penalties. See instructions.

If "Yes," are you required to file FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR), to report that financial interest or signature authority? See FinCEN Form 114 and its instructions for filing requirements and exceptions to those requirements . . . . . .

b If you are required to file FinCEN Form 114, enter the name of the foreign country where the financial account is located a

8 During 2020, did you receive a distribution from, or were you the grantor of, or transferor to, a foreign trust? If "Yes," you may have to file Form 3520. See instructions . . . . . . . . .

For Paperwork Reduction Act Notice, see your tax return instructions. BAA

REV 02/15/21 TTW

Schedule B (Form 1040) 2020

SCHEDULE E

(Form 1040)

Department of the Treasury Internal Revenue Service (99) Name(s) shown on return

Supplemental Income and Loss

OMB No. 1545-0074

(From rental real estate, royalties, partnerships, S corporations, estates, trusts, REMICs, etc.) a Attach to Form 1040, 1040-SR, 1040-NR, or 1041.

a Go to ScheduleE for instructions and the latest information.

2020

Attachment

Sequence No. 13

Your social security number

Larry Landlord

XXX-XX-XXXX

Part I Income or Loss From Rental Real Estate and Royalties Note: If you are in the business of renting personal property, use

Schedule C. See instructions. If you are an individual, report farm rental income or loss from Form 4835 on page 2, line 40.

A Did you make any payments in 2020 that would require you to file Form(s) 1099? See instructions . . . . . Yes No

B If "Yes," did you or will you file required Form(s) 1099? . . . . . . . . . . . . . . . . . . . Yes No

1a Physical address of each property (street, city, state, ZIP code)

A 8 Renters Way Ocean Grove NJ 07754

B

C

1b Type of Property 2 For each rental real estate property listed

(from list below)

above, report the number of fair rental and

Fair Rental Days

Personal Use Days

QJV

personal use days. Check the QJV box only

A1

if you meet the requirements to file as a

A

366

0

B

qualified joint venture. See instructions.

B

C

C

Type of Property:

1 Single Family Residence 3 Vacation/Short-Term Rental 5 Land

7 Self-Rental

2 Multi-Family Residence

4 Commercial

6 Royalties

8 Other (describe)

Income:

Properties:

A

B

C

3 Rents received . . . . . . . . . . . . .

3

73,900.

4 Royalties received . . . . . . . . . . . .

4

Expenses:

5 Advertising . . . . . . . . . . . . . .

5

6 Auto and travel (see instructions) . . . . . . .

6

7 Cleaning and maintenance . . . . . . . . .

7

2,100.

8 Commissions. . . . . . . . . . . . . .

8

9 Insurance . . . . . . . . . . . . . . .

9

2,001.

10 Legal and other professional fees . . . . . . . 10

11 Management fees . . . . . . . . . . . . 11

12 Mortgage interest paid to banks, etc. (see instructions) 12

19,332.

13 Other interest. . . . . . . . . . . . . . 13

14 Repairs. . . . . . . . . . . . . . . . 14

2,877.

15 Supplies . . . . . . . . . . . . . . . 15

16 Taxes . . . . . . . . . . . . . . . . 16

10,344.

17 Utilities . . . . . . . . . . . . . . . . 17

18 Depreciation expense or depletion . . . . . . 18

3,661.

19 Other (list) a HOA

19

2,400.

20 Total expenses. Add lines 5 through 19 . . . . . 20

42,715.

21 Subtract line 20 from line 3 (rents) and/or 4 (royalties). If result is a (loss), see instructions to find out if you must file Form 6198 . . . . . . . . . . . . . 21

31,185.

22 Deductible rental real estate loss after limitation, if any,

on Form 8582 (see instructions) . . . . . . . 22 (

)(

)(

23a Total of all amounts reported on line 3 for all rental properties . . . . 23a

73,900.

b Total of all amounts reported on line 4 for all royalty properties . . . . 23b

c Total of all amounts reported on line 12 for all properties . . . . . . 23c

19,332.

d Total of all amounts reported on line 18 for all properties . . . . . . 23d

3,661.

e Total of all amounts reported on line 20 for all properties . . . . . . 23e

42,715.

24 Income. Add positive amounts shown on line 21. Do not include any losses . . . . . . . 24

25 Losses. Add royalty losses from line 21 and rental real estate losses from line 22. Enter total losses here . 25 (

)

31,185. )

26 Total rental real estate and royalty income or (loss). Combine lines 24 and 25. Enter the result here. If Parts II, III, IV, and line 40 on page 2 do not apply to you, also enter this amount on Schedule 1 (Form 1040), line 5. Otherwise, include this amount in the total on line 41 on page 2 . 26

31,185.

For Paperwork Reduction Act Notice, see the separate instructions.

Schedule E (Form 1040) 2020

BAA REV 02/15/21 TTW

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